Toward a Digital Sustainability Reporting Framework in Organizations in the Industry 5.0 Era: An Accounting Perspective

Olsen, Carmen

doi:10.1007/978-3-031-17746-0_37

Cited by 3 publications

(2 citation statements)

References 22 publications

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“…ESG shifts the attention away from shareholder-focused governance towards the expectations and interests of a broader set of influential non-investing stakeholders (Srivastav and Hagendorff, 2016). Increasing ESG sensitivity of publicly listed firms creates a significant degree of stakeholders' inclusion, stimulates effective responses to investors' demands, establishes trustworthiness, induces resiliency against crisis ongoing changes in environmental regulations, increases pressure from social groups and reduces financial distress (Olsen, 2023). The study results are consistent and comparable to studies that report a positive impact of ESG (Gillan et al, 2010;Moneva and Cuellar, 2009;Nekhili et al, 2021;Fatemi et al, 2018).…”

Section: Discussionmentioning

confidence: 99%

“…Activities aligned to ESG strengthen these shareholders' connections with stakeholders, which becomes the underlying argument in ESG's favour of distress reduction (Donaldson and Preston, 1995; Jones, 1995). The growing popularity of ESG among firms enables stakeholders' inclusion, stimulates effective responses to investors' demands, establishes reliability, brings resiliency against shifting environmental regulations, amplifies pressure from social groups and diminishes distress (Olsen, 2023).…”

Section: Theory and Literaturementioning

confidence: 99%

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Listing on environmental, social and governance index and financial distress: does the difference-in-differences matter?

Singh

2023

ARA

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PurposeEnvironmental, social and governance (ESG) issues have become the cornerstone of investment decisions in firms today. With that, publicly traded ESG indices (like the BSE ESG 100 index in India) have come into existence. The existing literature signifies that ESG generates financial implications and induces stability. The current study aims to test whether the firms listed on the ESG index (ESG-sensitive firms) face less financial distress than those not listed on such an index.Design/methodology/approachThe study applies panel data difference-in-differences (DID) regression by considering ESG as an unstaggered treatment to 74 non-financial firms listed on India's Bombay Stock Exchanges (BSE) 100 index. In total, 42 firms are ESG treated as they got listed on the BSE ESG 100 index, formed in 2017. The remaining 32 firms form the control group. The confidence intervals and standard errors are estimated using clustered robust errors and the Donald and Lang method.FindingsListing on the ESG index matters for financial stability; differences in financial distress are significant on financial distress. ESG-sensitive firms face less financial distress than non-ESG firms (or firms not perceived as ESG-sensitive). The results are consistent across two financial distress measures, Altman z-scores for emerged and emerging markets. Thus, the DID in distress status between ESG-sensitive and non-ESG firms matter.Practical implicationsThe study creates vibrant implications for practitioners using ESG to reduce financial distress.Originality/valueThe study is one of its kind to test the treatment effects of ESG on firm value and quantify treatment effects on financial distress.

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Section: Discussionmentioning

confidence: 99%

Section: Theory and Literaturementioning

confidence: 99%

Listing on environmental, social and governance index and financial distress: does the difference-in-differences matter?

Singh

2023

ARA

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Implications for Sustainability Accounting and Reporting in the Context of the Automation-Driven Evolution of ERP Systems

et al. 2023

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This paper delves into the impact of the automation-driven evolution of enterprise resource planning systems (ERPSs) on sustainability accounting and reporting and the associated challenges. By employing a holistic approach focusing on the current characteristics of both ERPSs and automation platforms and an inductive approach to perform a content analysis, this study highlights how the new generation of ERPSs can support the improvement of accounting in general and sustainability accounting and reporting quality in particular. The analysis was based on information provided by the developers of leading ERPSs and automation platforms with a significant worldwide market share. In this paper, we deepen the understanding of the role that ERPSs play in improving sustainability accounting and reporting, focusing on both the benefits and challenges derived from the impact generated by increasing the integration of robotic process automation and intelligent process automation solutions. The results obtained have academic and managerial implications, addressing a research gap concerning the understanding of the consequences of ERPSs evolution from the perspective of professionals and the competitive edge companies can take advantage of to improve sustainability reporting and accounting processes.

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Digital Reporting of Accounting Information and AIS in Oman

Younas

2024

Impact of Digitalization on Reporting, Tax Avoidance, Accounting, and Green Finance

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Oman holds a prominent location in the Middle East and North Africa (MENA) region. There were several structural reforms took place to enhance the adoption and implementation of smooth governance in Oman from the inception of the corporate governance structure. This study aims to review and document the digital reporting of accounting information of these Omani companies listed at the Muscat Stock Exchange (MSX) and registered with the Capital Market Authority (CMA). The purpose of the study is to highlight the adaptation of digital accounting reporting of listed companies at MSX and registered companies at CMA, its benefits, and the current challenges. From 2020, all the listed, licensed, and accredited companies by MSX and CMA were required to report their financial information digitally by using XBRL taxonomy. The research provides useful insight to regulators, decision-makers, businesses, and the academic world by filling the gap in the literature.

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Toward a Digital Sustainability Reporting Framework in Organizations in the Industry 5.0 Era: An Accounting Perspective

Cited by 3 publications

References 22 publications

Listing on environmental, social and governance index and financial distress: does the difference-in-differences matter?

Listing on environmental, social and governance index and financial distress: does the difference-in-differences matter?

Implications for Sustainability Accounting and Reporting in the Context of the Automation-Driven Evolution of ERP Systems

Digital Reporting of Accounting Information and AIS in Oman

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